Zillow Group, Inc. (NASDAQ:ZG) Stake Reduced by Camelot Capital Partners LLC

Camelot Capital Partners LLC cut its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,817 shares of the technology company's stock after selling 227,000 shares during the quarter. Zillow Group comprises approximately 2.6% of Camelot Capital Partners LLC's investment portfolio, making the stock its 2nd biggest position. Camelot Capital Partners LLC owned 0.07% of Zillow Group worth $11,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZG. O Shaughnessy Asset Management LLC lifted its stake in Zillow Group by 13.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company's stock worth $84,000 after acquiring an additional 138 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after purchasing an additional 159 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group in the fourth quarter valued at approximately $27,000. Finally, Barrier Capital Management LLC increased its stake in Zillow Group by 0.4% during the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company's stock worth $7,879,000 after buying an additional 400 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Zillow Group stock opened at $66.98 on Tuesday. Zillow Group, Inc. has a one year low of $38.40 and a one year high of $86.58. The firm has a market capitalization of $16.25 billion, a PE ratio of -142.51, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The stock's 50 day moving average price is $66.89 and its 200 day moving average price is $71.10.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Jun Choo sold 1,277 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares of the company's stock, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,919 shares of company stock worth $5,744,978. 17.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ZG. Stephens reaffirmed an "overweight" rating and set a $73.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Susquehanna lifted their price objective on Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Robert W. Baird began coverage on shares of Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, March 28th. Finally, Benchmark raised their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.10.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.

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